i would like to know about the demand of finance and finance analyst in today's era? is mba in finance and finance analyst a better option?
Demand for Finance and Finance Analyst
Companies rely on experienced financial analysts to support business growth by identifying trends in financial data and helping senior management make informed decisions. The trend toward a more strategic and analytic finance function requires a financial analyst to make more frequent, tangible contributions across departments.
For that reason, candidates to fill financial analyst jobs are in demand across many industries. These jobs are expected to grow at a rate of 12 percent through 2022, faster than the average for all jobs, according to the U.S. Bureau of Labor Statistics.
Whether you are just starting your career or have experience in this position, here's some vital information to help guide you in your job search or your career path, starting with the financial analyst salary.
Financial Analyst: These analysts examine an organization’s financial data. By analyzing past financial and investment data, as well as estimating future revenues and expenditures, they can provide guidance to businesses making investment decisions.Average Salary: $84,367
10-Year Projected Growth: 11 percent (Faster than average)
Is it a better option?
Financial analysts at every level are in demand, and the jobs are only expected to continue growing over the next decade. Entry-level financial analysts are needed to help with investment portfolios and budgets at most large businesses. Because of the great growth potential, it’s a fantastic entry-level position for anyone who is looking to pursue a career in finance, no matter the career path. It’s also a great way to get your foot in the door at major companies, making it easier to move up the ladder. Employers are looking for specialists who can identify opportunities for increasing business in the years ahead and can interpret financial data and turn it into solid business recommendations. What's driving the demand?
Today's business decisions require financial expertise. Most firms require an expert to deal with financial business decisions. This expert should be able to forecast where the company's money is coming from now, and in the future, then help managers decide how to invest it in ways that generate the greatest return.
An MBA in Finance grad has ample of opportunities waiting around, all he needs to do is grab it. All of this because of the diverse skill set he possesses. There are thrilling careers in financial consultancies, financial institutions and banks. To be more specific, you can get into fields like merchant banking, investment and consumer banking, international finance, corporate finance and institutional finance. Once you build up your work experience then you can serve on government committees and add your inputs to the policy-making issues. You can also provide consultation services to government and corporate organizations.
Hey Christo Paul
Above all else, thank you! For inquiring.
Finance is one of the most sought after specialization of MBA
and a big community of students are attracted towards this specialization. When
we hear the term ‘Finance’, we think of banking, but finance is much more than just
banking. Finance as a subject involves the management, control and review of the
collection, investment and resources of money as a capital required for an industrial
building, plant and working.
In this age of industrialization, there is extensive demand for active and skilled
financial analyst against their financial sector for preparation and control. Therefore,
MBA in finance
is most sought programme in across the world.
In this course, the students are offered the knowledge and skills of analytical
thinking,
continuous process, concept of managerial decision, maintaining balance between
risk & profitability, coordination process and centralized nature. Finance MBA can
work in banking as well as non-banking sectors.
You can work anywhere in the corporate world. Every industry has
a need for financial expert for maintaining their balance of capital.
Finance, who has completed a MBA in fund, has many openings for work in
government and private area. MBA with CA can do its own business notwithstanding
fund.
You can assume the job of following positions in an industry:
- Resource Management
- Corporate Finance
- Corporate Banking
- Credit Risk Management
- Subordinates Structuring
- Support investments Management
- Private Equity
- Treasury
However, at the same time it very important to make a correct choice of Institution
from
where you decide to pursue the course. You should opt for a college or
institution with good curriculum, quality and skilful education with numerous
opportunities. Here are couple of universities for your reference that you can decide
on:
1. SP Jain Institute of Management and Research, Mumbai (All) : PGDM
Fees: 18, 00, 000 (approx.)
Exam scores accepted: CAT | GMAT
2. Lal Bahadur Shastri Institute of Management (LBSIM), Delhi/NCR: PGDM
(Finance)
Fees: Rs 16, 56, 550 (approx.)
Exam scores accepted: CAT | GMAT
3. National Institute of Bank Management, Pune : PGDM (Banking & Financial
Services)
Fee: Rs 9, 97, 300 (approx.)
Exam scores accepted: CAT | MAT | CMAT
In addition, for more college suggestions you can visit to:
https://bschool.careers360.com/colleges/ranking
I hope it helps :)
